Short cash, sausage maker Gyulai cuts output
The company is filling orders with delays of 2-3 weeks because of the lack of liquidity, Mr Ruck said. It needs HUF 1.5bn in additional resources to continue to fill orders, and another HUF 200m-300m a week to fill them on time, he added. Gyulai Huskombinat turned out 1,500 tonnes of salami, 2,000 tonnes of liver sausage and 500 tonnes of sandwich meat in the first half. About 30pc of output was exported, mainly to Russia as well as European Union member states. The company is owned by the HAGE-NAGISZ group.
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